At the beginning of each regular session of the Texas Legislature, the Texas Constitution requires the Comptroller of Public Accounts to submit a statement showing the state’s financial condition and estimating the revenue it can expect to receive during the next two-year budget period.
This Biennial Revenue Estimate (BRE) forms the basis of the state budget for the coming biennium. Legislators must ensure that total appropriations do not exceed the available cash and anticipated revenue as projected by the Comptroller.